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City / Town Overview

Farmington, MI

Aggregate real estate market report across all ZIPs in scope
Buyer's Market
June 2026  ·  Source: Realtor.com

Market Analysis

Data as of June 2026. Source: Realtor.com.

The Farmington, MI real estate market currently shows 280 active listings, with 118 pending sales. Homes are averaging 32.6 days on the market before going under contract.

Inventory has increased compared to last year, with 27 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 32.6 days on market compared to 27 days last year.

The median listing price has fallen 1.3% year-over-year, from $386,121 to $381,233.

Whether you are buying or selling in Farmington, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 92,753  ·  Density: 1,059.8/mi²  ·  Median household income: $99,015

Typical home value: $307,873  ·  Homeownership: 64%

Included Areas

Farmington: 48331, 48332, 48333, 48334, 48335, 48336

Area Map

Market Overview

Active Listings
280
⇧ 10.7% vs 253 last year
Pending
118
42% pending ratio
Median Price
$381,233
⇩ 1.3% vs $386,121 last year
Average Price
$393,434
⇩ 5.1% vs $414,753 last year
Days on Market
32.6
⇧ 20.7% vs 27 days last year

Price Per Square Foot

Median $/sqft
$199
⇩ 3.1% vs $205/sqft last year
Median Home Size
1,836 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %